NOT LISTED FOR SALE

Estimated Value: $9,783,000 - $15,597,403

6 Beds
7.5 Baths
7,518 Sq Ft
$1,688/Sq Ft Est. Value

Sale Details

Date Sold: May 14, 2021

Last sale price $16,000,000 $2,128 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $103,181 / mo

10 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • Heated In Ground Pool
  • Sunset Elementary School Rated A
  • Media Room
  • Waterfront

About This Home

As of May 2021

Luxury has been elevated to a new level with this stunning property situated on 140 feet of waterline in the coveted Old Cutler Bay neighborhood. This well-appointed home designed by Florida architect, Cesar Molina, features 6 Bedrooms, 7.5 baths along with bright and airy indoor and outdoor living spaces. The kitchen is appointed with high-end appliances, quartz countertops and custom Mia Cucina millwork situated in the spacious family room with a beautiful wine cellar and wet bar. The master suite overlooks the open water and features a custom his and her walk-in closet by Mia Cucina. Enjoy the a/c 2-car garage, the dreamy home theatre, home office, full gym and a stunning pool area with a covered summer kitchen, cabana bath, gas fire pit, whole-house generator and lush landscaping.

Last Agent to Sell the Property

Jessica Adams

Douglas Elliman License #3253202 Listed on: 04/10/2021

Douglas Elliman

Last Buyer's Agent

Matthew Elliott

The Corcoran Group License #3306817

The Corcoran Group
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $158,303

Year Built

  • Built in 2015

Lot Details

  • 22,329 Sq Ft Lot
  • 140 Ft Wide Lot
  • Waterfront
  • East Facing Home
  • Fenced
  • Property is zoned 0100

Parking

  • 2 Car Attached Garage
  • 1 Attached Carport Space
  • Automatic Garage Door Opener
  • Circular Driveway
  • Paver Block
  • Open Parking

Property Views

  • Water
  • Garden

Home Design

  • Substantially Remodeled
  • Concrete Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 7,518 Sq Ft Home
  • 2-Story Property
  • Custom Mirrors
  • Built-In Features
  • Bar
  • Vaulted Ceiling
  • Fireplace
  • Entrance Foyer
  • Family Room
  • Formal Dining Room
  • Media Room
  • Den
  • Dryer

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Closet Cabinetry
  • Maid or Guest Quarters
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Home Security

  • Security System Owned
  • High Impact Door

Outdoor Features

  • Heated In Ground Pool
  • Property has ocean access
  • No Fixed Bridges
  • Boat Hoist or Davit
  • Private Dock
  • Balcony
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 03-51-05-006-0170

Community Details

Overview

  • Property has a Home Owners Association
  • Voluntary home owners association
  • Old Cutler Bay Sec 2 Subdivision

Security

  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$158,303

Year Built

Built in 2015

Lot Details

0.51 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2015
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Carport Y N: Yes
  • Directions: See Google Maps
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Boat Hoists/Davits,Private Dock
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: OLD CUTLER BAY SEC 2
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Gas Range
  • Interior Amenities: Bar, Built-in Features, Closet Cabinetry, Custom Mirrors, Entrance Foyer, Volume Ceilings, Den/Library/Office, Family Room, Maid/In-Law Quarters, Media Room
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Ceramic Floor, Wood
  • Furnished: Unfurnished
  • Living Area: 7518
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Unknown/Withheld
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level, Master Bedroom Ground Level
  • Dining Room Features: Dining/Living Room, Formal Dining
  • Living Room Features: Den/Library/Office, Family Room, Maid/In-Law Quarters, Media Room
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Concrete
  • View: Garden, Water
  • Exterior Features: Built-In Grill, Lighting, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Fencing: Fenced
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Patio And Porch Features: Open Balcony
  • Pool Features: In Ground, Heated
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: Yes
  • Waterfront Features: Ocean Access, No Fixed Bridges
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: OLD CUTLER BAY SEC 2
  • Carport Spaces: 1
  • Covered Parking Spaces: 3
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Attached Carport, Circular Driveway, Driveway, Paver Block

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Zoned
  • Heating Yn: Yes
  • Security: Owned Burglar Alarm

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Security Patrol, Voluntary Hoa
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 03-51-05-006-0170
  • Lot Size Sq Ft: 22329
  • Zoning: 0100
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 158303

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2018
Closed on
Nov 13, 2018
Sold by
Garcia Jose I and Garcia Elizabeth J
Bought by
Seller's Agent
Dennis Carvajal
One Sotheby's International Realty
Buyer's Agent
Riley Smith
Compass Florida, LLC.
List Price
$11,500,000
Sold Price
$10,410,000
Premium/Discount to List
-$1,090,000
-9.48%
Current Estimated Value
$14,401,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,991,709
Avg. Annual Appreciation
2.57%
Original Mortgage
$6,000,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 22, 2012
Closed on
Dec 28, 2012
Sold by
Rasco Ramon E and Rasco Ana L
Bought by
Garcia Jose I and Garcia Elizabeth J
Seller's Agent
Laly Rasco
Compass Florida, LLC
Buyer's Agent
Laly Rasco
Compass Florida, LLC
List Price
$2,825,000
Sold Price
$2,825,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.83%

Purchase Details

Closed on
Mar 5, 2001
Sold by
Gloria Souto I
Bought by
Souto Gloria and Souto Jose E
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Gables Estates, FL

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$10,410,000 Attorney
Garcia Jose I $2,825,000 Attorney
Souto Gloria $100 --
Rasco Ramon E $1,250,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $10,000,000
Closed Garcia Jose I $3,000,000
Closed Hughes Daniel J $1,000,000
Closed Hughes Daniel J $6,000,000
Closed Hughes Daniel J $6,000,000
Previous Owner Garcia Jose I $2,000,000
Previous Owner Rasco Ramon E $910,000
Previous Owner Rasco Ramon E $905,000
Previous Owner Rasco Ramon E $890,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/14/2021 05/14/21 Sold $16,000,000 -3.0% $2,128 / Sq Ft
04/20/2021 04/20/21 Pending -- -- --
04/10/2021 04/10/21 For Sale $16,500,000 +58.5% $2,195 / Sq Ft
11/14/2018 11/14/18 Sold $10,410,000 -9.5% $1,385 / Sq Ft View Prior Sale
11/14/2018 11/14/18 For Sale $11,500,000 -- $1,530 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $284,630 $15,068,051 $6,698,700 $8,369,351
2024 $269,532 $15,383,308 $6,921,990 $8,461,318
2023 $269,532 $14,373,036 $0 $0
2022 $244,436 $13,066,397 $4,421,142 $8,645,255
2021 $160,941 $8,309,264 $0 $0
2020 $158,303 $8,194,541 $3,349,350 $4,845,191
2019 $155,766 $8,039,582 $3,143,923 $4,895,659
2018 $83,840 $4,347,289 $2,858,112 $1,489,177
2017 $87,182 $4,423,750 $0 $0
2016 $86,815 $4,332,762 $0 $0
2015 $42,790 $2,009,610 $0 $0
2014 $45,741 $2,143,339 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11025833

MIAMI REALTORS® MLS

APN: 03-5105-006-0170

Your Personal Tour Guide

Ask me questions while you tour the home.